Defined Benefit (Pension) · DOL Form 5500 · 2024
Tower Semiconductor Newport Beach, Inc. Pension Plan
Data updated 2026-08-25
- $19M
- Total assets Small plan by assets
- 103
- Participants Small participant base
- 69th
- Percentile by assets National rank
- $183,534
- Avg per participant Above avg balance/head
Official DOL plan name: Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees · Sponsored by Tower Semiconductor Newport Beach, Inc. · California · Manufacturing
$19M in assets, 103 participants
Tower Semiconductor Newport Beach, Inc.'s Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported $19M in total assets and 103 participants in its 2024 DOL Form 5500 filing, ranking in the 69th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #10,383 in Manufacturing (17,777 peers)
Coverage in California
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees covers 103 participants in California, about 16% of the average California filer (state average ~630 per filing). Assets: $19M.
- #10,383
- in Manufacturing (17,777 peers)
- -5.3%
- assets change YoY
The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees's outsized position by total assets
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$18,904,020 Top 31% higher than 69% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees sits mid-pack in the medium band (103 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported net income fell from $747K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
- Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees reported participants fell from 114 in the plan year 2023 filing to 103 in the plan year 2024 filing.
- Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees end-of-year assets fell from $20M in the plan year 2023 filing to $19M in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 753005127 · Tower Semiconductor Newport Beach, Inc. PY 2024 · Defined Benefit (Pension)
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees · $19M · 103 · 69th
- 5500 $19M
- 5500 103
- 5500 69th
- 5500 Defined Benefit (Pension)
- 5500 near Retirement Plan for Employees of Richardson Aviation
- 5500 ind #10383
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in California →
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $20M |
|---|---|
| Net Assets (End of Year) | $19M |
| Net Income | -$1M |
| Employer EIN | 753005127 |
| Plan Effective Date | 1999-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tower Semiconductor Newport Beach, Inc.)
Sponsor-wide plan assets over time
All Tower Semiconductor Newport Beach, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $215M 34.92179221563095% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 1,737 | $160M |
| 2023 | 3 | 1,726 | $189M |
| 2024 | 3 | 1,540 | $215M |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Kaiser Permanente Retirement Plan $34.5B · 135,057
- Pacific Gas and Electric Company Retirement Plan $17.6B · 27,500
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $11.4B · 18,983
- Western States Carpenters Pension Plan $11.3B · 48,582
- Ilwu-Pma Pension Plan $10.8B · 15,833
Tower Semiconductor Newport Beach, Inc. Retirement Plan for Hourly Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of Richardson Aviation in TX ($19M); by covered participants it is The Steel Improvement Boilermakers & Blacksmiths Pension Plan in OH (103 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($19M here).
Similar participant headcount
Nearest other-state filings by covered participants (103 participants); asset peers above are excluded.
- The Steel Improvement Boilermakers & Blacksmiths Pension Plan (OH) 103 · 0 off
- Agm Container Controls, Inc. Defined Benefit Pension Plan (AZ) 103 · 0 off
- Knauf Retirement Plan for Union Employees (IN) 103 · 0 off
- Horace Mann Pension Plan (IL) 103 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.